Recourse factoring is suitable for businesses that can manage the risk of non-payment and seek lower costs, while non-recourse factoring is better for those who want to mitigate risk but are willing to pay higher fees.
Invoice finance (sometimes called factoring or invoice discounting) helps you unlock cash tied up in unpaid invoices. Instead of waiting many days for clients to pay, a lender gives you most of the invoice value upfront.
Understand the risks and learn the details of secured vs unsecured business finance when borrowing money to fund your projects and ventures.
Many UK businesses struggle with cash flow due to late customer payments, with studies indicating that 58% to 87% face such issues Barclays.
For small businesses, Selective recourse factoring is generally more cost-effective than non-recourse factoring.
Unlock cash and get the funds you need to grow your business effortlessly. With this financing option, you can fulfill orders, issue invoices, and receive payment in as little as 48 hours.